What are the fees and charges associated with trading cryptocurrencies on Robinhood Investments LLC?

3 answers

• Nov 26, 2021 · 3 years ago
  Sure! When it comes to trading cryptocurrencies on Robinhood Investments LLC, there are a few fees and charges to be aware of. First, there are no commission fees for buying or selling cryptocurrencies on Robinhood. This means you can trade without worrying about paying a percentage of your trade as a fee. However, Robinhood does charge a spread between the bid and ask prices, which is the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. This spread can vary depending on market conditions and the specific cryptocurrency you're trading. Additionally, Robinhood may charge fees for certain types of transactions, such as transferring cryptocurrencies to an external wallet or converting one cryptocurrency to another. It's important to review Robinhood's fee schedule for the most up-to-date information on these charges.
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• Nov 26, 2021 · 3 years ago
  Trading cryptocurrencies on Robinhood Investments LLC is commission-free, which means you won't be charged a fee for buying or selling cryptocurrencies. However, keep in mind that there may be other fees associated with certain transactions. For example, if you want to transfer your cryptocurrencies to an external wallet, Robinhood may charge a fee for that. Additionally, if you want to convert one cryptocurrency to another, there may be fees involved. It's always a good idea to review the fee schedule provided by Robinhood to understand the costs associated with your specific trading activities.
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• Nov 26, 2021 · 3 years ago
  When it comes to trading cryptocurrencies on Robinhood Investments LLC, you'll be pleased to know that there are no commission fees. That's right, you can buy and sell cryptocurrencies without worrying about paying a percentage of your trade as a fee. However, it's important to note that Robinhood does charge a spread between the bid and ask prices. This spread is the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. So while you won't be paying a commission fee, there may still be a small cost associated with the spread. Additionally, Robinhood may charge fees for certain types of transactions, such as transferring cryptocurrencies to an external wallet or converting one cryptocurrency to another. It's always a good idea to review the fee schedule provided by Robinhood to understand the specific charges that may apply to your trading activities.
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